Morgan O. Reynolds (Ph.D., University of Wisconsin, 1971) was chief economist at the U.S. Department of Labor, 2001–2002. He is retired as a professor of economics at Texas A&M University. He is author of Power and Privilege: Labor Unions in America (1984), Economics of Labor (1995), and Making America Poorer (1987), and more than 60 articles in scholarly journals. He is an adjunct scholar of the Mises Institute, and a senior fellow of the National Center for Policy Analysis based in Dallas, Texas. Contact:https://nomoregames.net/contact/

Today's neocons genuinely believe that the key to durable peace is establishing democracies throughout the world. Two problems here: first, it will require lots of warring and, second, even if achieved it will fail because peace depends on governments abandoning unlimited interventionism. As...

Morgan Reynolds: "When the Bush administration took office in January, 2001, a downturn was already underway. The president and his coterie said so and blamed Clinton, but then hushed up. That was a mistake—a dose of truth about the economy would have worked better—but they learned...